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Security Type
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Common Stock
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Min Investment
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$100
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Offering Date
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May 27, 2021
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Expected Close Date
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April 29, 2022
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Target Raise
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$10.00K-$3.93M
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Security Price
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$2.09
Company Description
Mylance is building the "business in a box" for independent workers. Mylance will be the one-stop shop to market yourself as a consultant, including access to projects, a supportive community, and the products needed to remove the admin burden.
Key Deal Facts
Grew revenue 695% from H1 2021 to $49k in H2 2021
Experienced founder launching and scaling $1B+ businesses at Uber (Rides, EATS and Freight)
59 million independent workers in the US brought in $1.2 trillion in 2020
$450k committed from accredited investors for this round on the same terms
Use of Proceeds
- $50,000 - 33% non-dev headcount, 27% development / tech, 28% marketing and brand, 4.5% Legal, Credit Card Fees, Software, T&E, 7.5% Wefunder fee
- $250,000 - 22% non-dev headcount, 34% development / tech, 32% marketing and brand, 4.5% Legal, Credit Card Fees, Software, T&E, 7.5% Wefunder fee
Management Team / Advisory Board Bios
Bradley Jacobs, Founder & CEO
Passionate about enabling flexible, fulfilling work -Previously Uber launch and Ops for 4.5 years: launched Miami and Milan UberEATS; launched Uber Freight, led team to a $1B+ valuation in 2 years -Earned $250k in 9 months freelance consulting
Parker Wilf, Product
Product Manager at Dropbox for 4 years -Drove product discovery and launch of various 0 → 1 products, including Spaces -Shipped significant portion of desktop app to millions - Led 15 experiments generating millions of new recurring revenue
Joe Davis, Accounting
Licensed CPA with 10+ years of small business accounting and tax experience -Built and upgraded bookkeeping systems for local businesses and startups accounting for $7M-$10M in cash flow -Saved business owners and freelancers over $1.7M in taxes
